Legislative Session number- 86

Bill Name: SF1586

"Rural Minnesota Catch-Up Credit"; providing for economic growth in rural
counties of the state by providing a refundable income tax credit for employers
creating and retaining certain qualifying jobs; defining eligible county and
qualifying job; specifying certain job creation and credit application
requirements for credit qualification purposes; requiring eligible counties to
periodically award the credits, specifying certain notice publication and
applicant selection requirements; setting a limit on total credits per eligible
county; allowing carryover of unawarded amounts; requiring commissioner of
revenue to prescribe the manner of issuing and claiming the credit and to report
to the legislature by a certain date on the credits claimed and on the
feasibility and benefit of continuing the program; authorizing consultation with
commissioner of employment and economic development (DEED) in preparing the
report; sunset provision
(me)